Insider Selling: JFrog Ltd. (NASDAQ:FROG) Director Sells 35,000 Shares of Stock

JFrog Ltd. (NASDAQ:FROG) Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $38.97, for a total value of $1,363,950.00. Following the completion of the transaction, the director now directly owns 4,654,432 shares of the company’s stock, valued at $181,383,215.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Frederic Simon also recently made the following trade(s):

• On Tuesday, March 19th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $42.59, for a total value of $1,490,650.00.
• On Tuesday, February 20th, Frederic Simon sold 35,000 shares of JFrog stock. The stock was sold at an average price of $42.39, for a total value of $1,483,650.00.
• On Thursday, February 15th, Frederic Simon sold 150,000 shares of JFrog stock. The stock was sold at an average price of $47.27, for a total value of $7,090,500.00.

JFrog Stock Performance

FROG stock opened at $39.83 on Thursday. JFrog Ltd. has a 1 year low of $17.11 and a 1 year high of $48.81. The firm has a market cap of $4.06 billion, a P/E ratio of -66.38 and a beta of 0.99. The stock has a 50-day simple moving average of $42.42 and a 200-day simple moving average of $34.17.

JFrog (NASDAQ:FROG) last posted its earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The business had revenue of $97.26 million during the quarter, compared to analyst estimates of $93.07 million. On average, equities research analysts predict that JFrog Ltd. will post -0.21 EPS for the current year.

Institutional Investors Weigh In On JFrog

Hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI acquired a new stake in JFrog during the 1st quarter valued at approximately $26,000. Fred Alger Management LLC acquired a new stake in JFrog during the 3rd quarter valued at approximately $35,000. Frazier Financial Advisors LLC acquired a new stake in JFrog during the 4th quarter valued at approximately $35,000. Future Financial Wealth Managment LLC acquired a new stake in JFrog during the 1st quarter valued at approximately $44,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in JFrog during the 3rd quarter valued at approximately $170,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Needham & Company LLC increased their target price on JFrog from $40.00 to $55.00 in a research report on Thursday, March 7th. Cantor Fitzgerald increased their target price on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. KeyCorp assumed coverage on JFrog in a research report on Tuesday, March 19th. They set an “overweight” rating and a $52.00 target price on the stock. Oppenheimer increased their target price on JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. Finally, Morgan Stanley upped their price target on JFrog from $40.00 to $52.00 in a research note on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.46.

About JFrog

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.